European Event-Driven Analyst

Jesus Rodriguez Aguilar

Event-Driven

<ul>
<li>Another British company taken over by private equity. On 25 April, Providence sweetened its offer to 121p/share, a 12% increase (22.1x trailing EBITDA; 13.1 EV/Fwd NTM EBITDA).</li>
<li>On 3 May, all of the resolutions were passed at both Court Meeting and General Meeting. The Scheme Court Hearing is scheduled for 18 May. Settlement should happen on/before 2 June.</li>
<li>Although there isn't enough liquidity for large tickets, at 120.4p the spread is 0.5%/6.6% (gross/annualised).</li>
</ul>


Another British company taken over by private equity. On 25 April, Providence sweetened its offer to 121p/share, a 12% increase (22.1x trailing EBITDA; 13.1 EV/Fwd NTM EBITDA).
On 3 May, all of the resolutions were passed at both Court Meeting and General Meeting. The Scheme Court Hearing is scheduled for 18 May. Settlement should happen on/before 2 June.
Although there isn't enough liquidity for large tickets, at 120.4p the spread is 0.5%/6.6% (gross/annualised).


United Kingdom

Hyve Group PLC organizes events. The Company provides platform where people connect, learn, inspire, and share extraordinary moments, advancing businesses, and helping to shape industries. Hyve Group serves customers worldwide.

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Hyve Group (HYVE LN)

Providence/Hyve: Scheme Approval

On 3 May, all of the resolutions were passed at both Court Meeting and General Meeting. The Scheme Court Hearing is scheduled for 18 May....

Jesus Rodriguez Aguilar

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